PayPal-backed UK fintech Modulr has reported its first full-year net profit. CEO and co-founder Myles Stephenson hailed the achievement as an “important milestone,” preceding announcements regarding its US expansion.

Financial Details

Modulr, which provides white-label payment infrastructure for businesses, did not disclose a specific net profit figure for 2025. However, the net profit marks an upturn from 2024, when Modulr Holdings reported pre-tax losses of £11m.

Stephenson attributed Modulr’s profitability to “sustained commercial growth across our focus markets.” The company processes more than 200 million transactions and over £180bn in payment value on a yearly basis.

Expansion and Investments

Founded in 2016, Modulr has continued to grow its team across the UK, Europe, the US and India. Modulr last undertook a fundraise, around £83m, in 2022, led by General Atlantic. Other investors include Blenheim Chalcot, Frog Capital, Highland Europe, and PayPal Ventures.

Earlier this year, Modulr announced its expansion into the US through a strategic partnership with financial technology firm FIS. The company is now aiming to expand its capabilities in AI-powered automation.

Note: Modulr has no current plans for external fundraising.